Exhibit 99.1
(WILLBROS GROUP, INC. LOGO)
         
 
  CONTACT:   Michael W. Collier
 
      Vice President, Investor Relations
 
      Willbros USA, Inc.
NEWS RELEASE
      (713) 403-8016
 
       
 
      Connie Dever
 
      Director, Strategic Planning
 
      Willbros USA, Inc.
FOR IMMEDIATE RELEASE
      (713) 403-8035
WILLBROS CONTINUES FINANCIAL TURNAROUND,
REPORTS PROFIT FOR FOURTH QUARTER 2007
    Both operating results and cash flow from continuing operations were positive in fourth quarter.
 
    Full year 2007 results included $22.0 million in charges for continuing operations and $10.3 million for discontinued operations related to agreements in principle to settle DOJ/SEC investigations.
 
    Full year net loss of $49.0 million compares to full year net loss of $105.4 million for 2006.
 
    Backlog at year end of $1.3 Billion, primarily in North America.
HOUSTON, TX February 27, 2008 — Willbros Group, Inc. (NYSE: WG) today reported its results for the fourth quarter and the full year 2007. On revenue of $947.7 million, from continuing operations, the net loss for the full year 2007 was $27.6 million, or $0.94 per share, as compared to a loss of $22.0 million, or $0.98 per share, in 2006. Full year results for continuing operations in 2007 included $22.0 million in government fines and penalties related to the agreements in principle to settle investigations by the U.S. Department of Justice and, for discontinued operations, $10.3 million in profit disgorgement and pre-judgment interest related to the investigation by the Securities and Exchange Commission. Net loss from discontinued operations for the full year 2007 was $21.4 million, or $0.73 per share, compared to $83.4 million, or $3.72 per share, in 2006. Total net loss for the full year 2007 was $49.0 million, or $1.67 per share, compared to a net loss of $105.4 million, or $4.70 per share, in 2006.
Randy Harl, President and Chief Executive Officer, commented, “Our 2007 annual results are vastly improved over 2006. We resolved many issues in 2007 which were negatively affecting the Company’s performance. We now have the platform in place for Willbros to grow the size, scope and profitability of its business model. In 2007 we reduced the risk in the business model; added, with the InServ acquisition, the very robust downstream energy sector to our addressable market and improved our balance sheet and bank credit facility. These actions have positioned us to continue to deliver improving results, as we did in 2007. We are taking advantage of the most robust market for our services we have seen in years. Accordingly, in the second half of 2007, we generated much improved operating results and, with over seventy-five percent of our contract backlog cost reimbursable, we have more assurance that our 2008 results

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The following information was filed by Willbros Group Inc on Tuesday, March 4, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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